Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2022, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $400,000 in 2017, with the threshold wage-indexed after 2022. Do not provide benefit credit for additional earnings taxed.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2014

13.95

12.67

-1.29

320

0.00

0.00

0.00

2015

13.97

12.92

-1.05

306

0.00

0.00

0.00

2016

13.97

12.89

-1.08

292

0.00

0.00

0.00

2017

13.97

12.91

-1.06

277

0.00

0.00

0.00

2018

14.02

12.93

-1.08

262

0.00

0.00

0.00

2019

14.15

12.95

-1.20

248

0.00

0.00

0.00

2020

14.33

12.96

-1.37

233

0.00

0.00

0.00

2021

14.50

12.98

-1.52

219

0.00

0.00

0.00

2022

14.74

13.18

-1.56

203

0.00

0.17

0.17

2023

15.00

13.20

-1.80

189

0.00

0.17

0.17

2024

15.28

13.23

-2.05

173

0.00

0.17

0.17

2025

15.54

13.24

-2.30

157

0.00

0.17

0.17

2026

15.79

13.26

-2.53

141

0.00

0.17

0.17

2027

16.03

13.28

-2.75

125

0.00

0.17

0.17

2028

16.24

13.29

-2.95

108

0.00

0.17

0.17

2029

16.44

13.31

-3.13

90

0.00

0.17

0.17

2030

16.60

13.32

-3.28

72

0.00

0.17

0.17

2031

16.75

13.33

-3.41

53

0.00

0.17

0.18

2032

16.86

13.34

-3.52

34

0.00

0.17

0.18

2033

16.95

13.35

-3.60

13

0.00

0.17

0.18

2034

17.03

13.36

-3.68

----

0.00

0.17

0.18

2035

17.09

13.36

-3.73

----

0.00

0.17

0.18

2036

17.12

13.37

-3.76

----

0.00

0.17

0.18

2037

17.14

13.37

-3.77

----

0.00

0.17

0.18

2038

17.14

13.37

-3.77

----

0.00

0.17

0.18

2039

17.12

13.37

-3.74

----

0.00

0.17

0.18

2040

17.09

13.37

-3.71

----

0.00

0.17

0.18

2041

17.05

13.37

-3.68

----

0.00

0.18

0.18

2042

17.01

13.37

-3.64

----

0.00

0.18

0.18

2043

16.98

13.37

-3.61

----

0.00

0.18

0.18

2044

16.95

13.37

-3.58

----

0.00

0.18

0.18

2045

16.94

13.37

-3.57

----

0.00

0.18

0.18

2046

16.93

13.37

-3.55

----

0.00

0.18

0.18

2047

16.91

13.38

-3.54

----

0.00

0.18

0.18

2048

16.90

13.38

-3.53

----

0.00

0.18

0.18

2049

16.89

13.38

-3.51

----

0.00

0.18

0.18

2050

16.89

13.38

-3.51

----

0.00

0.18

0.18

2051

16.89

13.38

-3.51

----

0.00

0.18

0.18

2052

16.91

13.38

-3.53

----

0.00

0.18

0.18

2053

16.93

13.38

-3.55

----

0.00

0.18

0.18

2054

16.97

13.39

-3.58

----

0.00

0.18

0.18

2055

17.01

13.39

-3.62

----

0.00

0.18

0.18

2056

17.06

13.39

-3.66

----

0.00

0.18

0.18

2057

17.11

13.40

-3.71

----

0.00

0.18

0.18

2058

17.16

13.40

-3.76

----

0.00

0.18

0.18

2059

17.20

13.40

-3.80

----

0.00

0.18

0.18

2060

17.25

13.41

-3.85

----

-0.01

0.18

0.18

2061

17.30

13.41

-3.89

----

-0.01

0.18

0.18

2062

17.35

13.41

-3.93

----

-0.01

0.18

0.18

2063

17.40

13.42

-3.98

----

-0.01

0.18

0.18

2064

17.44

13.42

-4.02

----

-0.01

0.18

0.18

2065

17.49

13.42

-4.07

----

-0.01

0.18

0.18

2066

17.54

13.43

-4.11

----

-0.01

0.18

0.18

2067

17.59

13.43

-4.16

----

-0.01

0.18

0.18

2068

17.64

13.43

-4.20

----

-0.01

0.18

0.18

2069

17.69

13.44

-4.25

----

-0.01

0.18

0.18

2070

17.73

13.44

-4.29

----

-0.01

0.18

0.19

2071

17.78

13.44

-4.33

----

-0.01

0.18

0.19

2072

17.81

13.45

-4.36

----

-0.01

0.18

0.19

2073

17.84

13.45

-4.39

----

-0.01

0.18

0.19

2074

17.86

13.45

-4.41

----

-0.01

0.18

0.19

2075

17.87

13.45

-4.42

----

-0.01

0.18

0.19

2076

17.88

13.45

-4.43

----

-0.01

0.18

0.19

2077

17.89

13.45

-4.43

----

-0.01

0.18

0.19

2078

17.89

13.45

-4.43

----

-0.01

0.18

0.19

2079

17.89

13.45

-4.44

----

-0.01

0.18

0.19

2080

17.89

13.45

-4.44

----

-0.01

0.18

0.19

2081

17.91

13.45

-4.45

----

-0.01

0.18

0.19

2082

17.93

13.46

-4.47

----

-0.01

0.18

0.19

2083

17.96

13.46

-4.50

----

-0.01

0.18

0.19

2084

17.99

13.46

-4.53

----

-0.01

0.18

0.19

2085

18.04

13.46

-4.57

----

-0.01

0.18

0.19

2086

18.08

13.46

-4.62

----

-0.01

0.18

0.19

2087

18.13

13.47

-4.66

----

-0.01

0.18

0.19

2088

18.18

13.47

-4.71

----

-0.01

0.18

0.19

2089

18.23

13.47

-4.76

----

-0.01

0.18

0.19

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2014 Trustees Report.

2014-2088

16.77%

14.04%

-2.73%

2033

-0.00%

0.15%

0.16%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.